Post Tagged with: "announces"

SKF announces new organizational structure

  SKF is merging its two Industrial business areas, Strategic Industries and Regional Sales and Service. The change will enable the benefits of the SKF asset life cycle to be applied to industrial customers in a more efficient manner, through a simplified organizational structure. It will also strengthen SKF’s focus on organic growth and profitability, supporting the Group’s financial targets.[Read More…]

Delphi Announces Leadership Transition Plan

  – Chief Executive Officer and President Rodney O’Neal to retire March 1, 2015 –   Chief Financial Officer Kevin P. Clark named chief operating officer, will succeed O’Neal –   Mark J. Murphy named chief financial officer Delphi Automotive PLC Chief Executive Officer and President Rodney O’Neal, today announced plans to retire March 1, 2015, following a  distinguished 43-year[Read More…]

by September 10, 2014 International, Newscast, Web Exclusive

Visteon announces second-quarter 2014 results; Reports record quarterly adjusted EBITDA

Financial performance Sales of $2.04 billion ($1.78 billion excluding discontinued operations) Record quarterly adjusted EBITDA of $193 million ($175 million excluding discontinued operations) Cash from operations of $31 million Continued progress under comprehensive shareholder value creation plan Reached agreement to sell majority of interiors business Completed acquisition of Johnson Controls’ electronics business on July 1 Completed HVCC acquisition of thermal[Read More…]

Paccar announces increased second quarter revenues and earning

“PACCAR reported increased revenues and net income for the second quarter of 2014,” said Ron Armstrong, chief executive officer. “PACCAR’s second quarter results reflect the benefits of improving truck sales in the U.S. and Canada and strong aftermarket parts and financial services results worldwide. I am very proud of our 22,600 employees who have delivered excellent results to our shareholders[Read More…]

DENSO announces first-quarter financial results for fiscal year ending June 30, 2014

DENSO Corporation has announced its global financial results for the first quarter ending June 30, 2014: Consolidated net sales totaled 1,029.1 billion yen (US$10.2 billion), a 3.2 percent increase from the previous year. Consolidated operating income totaled 85.1 billion yen (US$839.1 million), a 16.7 percent decrease from the previous year. Consolidated net income totaled 68.8 billion yen (US$678.7 million), a[Read More…]

Nissan announces management change in the Philippines

  Nissan,on 25 July, announced the appointment of Antonio Zara, currently Managing Director, International Sales of General Motors Korea, as President and Managing Director of Nissan Philippines, Inc. (NPI), effective August 1, 2014. (Zara’s official inauguration will be after the Board of Directors Meeting in August.) Zara, a Filipino national, brings extensive automotive experience in sales, service, and marketing to[Read More…]

CNH Industrial announces closure of plant in Calhoun, Georgia

CNH Industrial announces closure of plant in Calhoun, Georgia

CNH Industrial N.V. has announced that it will close its assembly plant in Calhoun, Ga., in the third quarter of 2015. The facility produces construction equipment for CNH Industrial’s brands. This closure is necessary as the company adjusts its construction operations based on current volumes and market demand, and is consistent with CNH Industrial’s long-term strategy to optimize its manufacturing[Read More…]

MSSL announces acquisition of Wiring Harness Business of Stoneridge Inc.

MSSL announces acquisition of Wiring Harness Business of Stoneridge Inc.

Motherson Sumi Systems Limited (MSSL) has signed an agreement to acquire the Wiring harness business of Stoneridge Inc. through asset purchase at transaction value of US $ 65.7 million. This acquisition is expected to close in the third quarter of 2014, subject to customary closing conditions. The acquired business has a turnover of approx. USD 300 Million. The transaction includes[Read More…]

Messe Frankfurt announces Automechanika Chicago

Messe Frankfurt announces Automechanika Chicago

Messe Frankfurt, producer of Automechanika, the leading international brand of automotive trade shows, and Advanstar Communications, one of the largest trade show organisers in the US will join forces to launch Automechanika Chicago. The show will be the 14th Automechanika event around the globe, and will take place April 24-26, 2015, at McCormick Place.  Automechanika Chicago will showcase the newest[Read More…]

Mercedes-Benz do Brasil announces new Head of Procurement

Mercedes-Benz do Brasil empowers its leadership team with a new head of procurement. With Erodes Berbetz (43), the company engaged an experienced purchasing expert with proven market knowledge in Brazil. Berbetz will follow Ricardo Vieira Santos (57), who is retiring. “With Erodes Berbetz we won an expert, who knows the commercial vehicle market in Brazil and its suppliers by heart.[Read More…]

by April 10, 2014 Newscast, OEM, Web Exclusive